Showing posts with label minerals. Show all posts
Showing posts with label minerals. Show all posts

Australia is Heading for Economic Disaster

The Australian economy is heading southward and this does not mean we are moving closer to Antarctica. Our financial health is still in primary products. The price and demand for iron ore and coal still drives the economy. At the moment the foot is really off the accelerator and we are idling downhill. We will eventually reach the bottom. Then the country will have big problems.
Tax revenue is already falling due to lower demand by China. US demand for Chinese good remains sluggish. As the world economy falls it impacts strongly on Australia. We have not made the move away from agriculture and manufacturing. This is mainly because our resource bowl has kept wages high. Manufacturing countries always have a wage differential advantage. In time, wages will rise in China as they have in Japan. Then companies will probably move to Southeast Asia.

The hope that Australia will have a increase in IT start-ups to offset the fall in resource exports is not well founded. Products in the Internet sphere have short lives, a few years at most. IT moves on the initiative of individuals. It never will be a mass employer. We need to forget this pie in the sky and concentrate on something else.

It will cost to improve employment. Government will have to subsidize companies to keep jobs here. Politicians make the same incorrect assumption over and over again - the free market will solve all economic problems. The free market has never done much without human input.  International trade exists due to comparative advantage. If a country does not have this in a sector, other sectors that do must pay.

A start would be tax breaks for enterprises who bring home their support services from India and the Philippines. To allow mining employment to fall without stimulation elsewhere is economic suicide. The country will fall into a very deep hole down the track. Opening more shopping centres is not the way go. This is not increasing the capital base. It is dividing up the market between too many sellers.
Economics by Ty Buchanan
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Water Diving is Scientifically Unsubstantiated

Water dousing is not a scientifically proven method of finding minerals.  CSIRO's chief executive officer has suggested that dousing be put to the test scientifically.  Over the years it has been put to the test and found wanting.

Personal experience has highlighted this when a water bore contractor used the system and did not find water.  He said that he would have to drill deeper and I would pay for it.  I waved the contract at him and said there is no mention of a surcharge in this - you guaranteed to find water.

The claim of 80 per cent accuracy is not true.  It is based on heresay and after the fact selection of results.  It is like ghosts and life after death.  There is no scientific proof that these are real.

The main use of divining is to locate water.  As former chief of CSIRO Land and Water John Williams says, “We know where the water is. The trouble is there isn’t much of it."   Dr Larry Marshall is a trained scientist.  He should know better suggesting dousing.  Does he believe that the moon is made of cheese?
 Science by Ty Buchanan
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English Culture or Australian?

 Working Class Englishman. Oh hum.
An Australian travelled the streets of London and asked people what they thought Australians were really like. It was amazing how many English people had visited the big dusty land. They all, of course, told bad stories about their trips. This is the thing you do when you get back home apparently.

There is this mistaken belief that all ex-pat Australians live in Earl's Court. They used to, but not anymore. They think we all work in bars - even in Australia. The interviewees kept looking around for a backpack, which I didn't have.

English people are obsessed about the Australian accent saying it is funny, even though it is more London than London. After all that is where most of the convicts came from. Furthermore, the English have some of the strangest accents in the world.

They think that Kylie Minogue is the sole representative of Australia. All their beliefs are based on her. This is despite the fact that Kylie has become a quasi Brit. She is certainly more popular in England than she ever was in Australia. We don't move our lips when we speak. This, they believe, is to keep the flies out.

Another thing: New Zealand is the sheep country not Australia. We just have millions of kangaroos here; oh, and rabbits that were cleverly introduced by the Brits. We do have a lot of cattle as well.  This is also where the world's minerals come from.  Australia is a giant mineral "bucket".  England doesn't have much of this.

Australians are racist. That is a given. Even though the English hatred for anything French is well known. It is actually the English who are the most racist. They must be - they are superior to everyone else!
 Culture by Ty Buchanan 
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Russia Seeking Australian Mining Technology

Being a primary producer means Australia leads in mining technology. Russia wants to get its hands on some of this high-tech to mine its vast resources.

Companies such as MBC Resources, Noritsk Nickel and Russian Platinum welcomed the Australian XT business into its new office in Moscow. There is also interest from neighboring countries with huge untapped resources in neighboring countries: Kyrgyzstan, Kazakhstan and Uzbekistan. Projects have already begun in these nations. Australian know-how is eagerly sought after.

Australian mining is becoming a major service provider overseas as exports continue to rise. South Africa, Canada and Chile also consult XT; it has established offices in these countries.
Technology by Ty Buchanan
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Fracking and Conservation Do Not Mix

There is always conflict between industry and the natural ecosystem. With the arrival of extraction and even mass agriculture comes pollution detrimental to the flora and fauna. This is no different in Aboriginal regions as in urbanized cities.

Dean Mathews is a Yawuru Aboriginal and Project Officer for the Nyamba Buru Yawuru Aboriginal Corporation. He monitors the impact on groundwater by agriculture and mining. He has made a video. It is significant that the location he tested did not have any visible industry there, so it would be expected that the water was still pure. Test the water adjacent to mining activity and the results would be quite different.

Much has been made of Aboriginal cooperation with industry - too much for my liking. One has the feeling that local Aboriginal have been duped. The mining industry employs people whose sole motivation is to change public opinion to accept the "job-creating" mining companies. The problem is of course that few Aboriginal are qualified to get these jobs.

In my opinion this is just a public relations exercise. As modern agriculture and mining becomes widespread pollution will occur. The states have allowed fracking for natural gas to take place anywhere. The effects of this is disastrous with farmers showing that gas which seeps up after fracking can be ignited with a lighter.

Aboriginals should try as best they can to have their native regions isolated completely from industry. They got the vote and ownership of their land. Now, they have to go one step further and fight for the right to keep minerals where they belong: in the ground.
Conservation by Ty Buchanan
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We Have Never Had It So Good - Maybe

According to the Household, Income and Labour Dynamics in Australia survey we have never been able to buy so much with our income. Over the last decade income inequality has hardly changed, Wages have risen faster than inflation. Of course, we know that announced inflation is lower than real price rises.

Although Australia's debt is low compared to other developed countries, less than half of Australians believe this. Despite the good times, many are feeling down and depressed feeling that the country is not doing well economically. This is probably due to the negative political arena at the moment with any bad news being blown out of proportion, with political blame and counter denials being kept uppermost in people's minds.

We should be happy but the minority, politicians, are pulling us down. Things are certainly changing now with Chinese demand for primary products falling as well as prices producers receive. The new government, in September, will have to deal with rising unemployment. There isn't much doubt about this. Pressure to reign in national debt will mean job cuts in the public sector, and reduced government spending will push up unemployment.

The job market has structurally changed over the last 10 years. More people are in part-time and casual employment, good for business bad for job security. Welfare is being cut and will fall further as politicians take larger income rises for themselves and a "couldn't care less" attitude to the poor. Charities are feeding more of the less well off than they ever did before.

While incomes have remained the same, wealth inequality has risen. This continues as wealth is solidly held and increased by a few. The top 1 per cent have assets of $5 million. The bottom 10 per cent enjoy less that $10,000. Some of these have no assets at all.

Good times are not for everyone apparently.  We should be laughing or at least smiling.  If you are poor and without a job or assets you have to grin or grimace and bear it.  No help for you mate either today or in the future.
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Conservation
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